Hindsight Markets Recaps Small-cap stocks on August 25, 2026
RCON, August 25: an 8:00 headline, $8.99, and a bid at $2.90
RCON spiked to $8.99 before the open after news, then gave much of it back in the session.
News via Stock News API
What happened
Draft for review. Not published.
The 8:00 headline
A contract headline hit at 8:00 a.m. The stock had closed at $2.87 the day before. Within two minutes it reached $5.61.
Stop It's 8:03. RCON is at $4.76. The close was $2.87. A contract headline came out three minutes ago, and 315,541 shares traded in the last minute. Would you buy here?
Press play: the real Level 2, tape and chart run from 8:00 a.m. and stop at 8:03 a.m. ET for your call.
That minute it ran to $8.99, the day's high. A 30K-share ask wall sat just above it at $9.18 until 8:06:16. A 28K-share bid wall at $5.39 was pulled at 8:06:07. By 8:28 the stock was back at $2.80.
The bid at $2.90
From 8:46 a.m. a 27K-share bid sat at $2.90. The stock opened above it, at $3.10.
Stop It's 9:32. RCON is at $3.00, just under the $3.10 open. A big bid has been sitting at $2.90 since 8:46 a.m. Would you buy near it?
Press play: the real Level 2, tape and chart run from 9:29 a.m. and stop at 9:32 a.m. ET for your call.
At 9:32:23 sellers hit it. 18K shares traded at $2.90 in under four seconds, and the wall was gone. By 9:34 the stock was at $2.37.
The close
The slide kept going. It closed at $2.02, below the prior close, and fell to $1.81 after hours.
What to take from it: A big bid on the book is not a floor: here it broke in seconds.
Replay RCON's day
It starts at 7:47 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 7:50 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Pre-market spike. Before the open it spiked 213.2% from $2.87 to $8.99 at 8:03 a.m.. It opened up 8.0% at $3.10 and traded at $2.02 at 4:00 p.m.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:00 a.m. | News (PRNewsWire): Recon Technology Wins RMB 9.6 Million Oilfield Production Informatization System Integration Project | |
| 8:01 a.m. | First trade 20% above the previous close of $2.87 | |
| 8:03 a.m. | Pre-market high, $8.99 | |
| 8:03 a.m. | Volume since 4:00 a.m. passes the whole float, 950,506 shares | |
| 8:03 a.m. | High of the day to the close, $8.99 | |
| 9:30 a.m. | The open: $3.10, up 8.0% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.02, 77.5% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $2.87
- Open, 9:30 a.m.
- $3.10
- Gap at the open
- +8.0%
- Pre-market high
- $8.99 at 8:03 a.m.
- High, 4 a.m. to 4 p.m.
- $8.99 at 8:03 a.m.
- Low, 4 a.m. to 4 p.m.
- $2.01
- Close, 4 p.m.
- $2.02
- Change at 4 p.m.
- −29.6%
- After-hours high, 4 p.m. to 8 p.m.
- $2.07 at 5:24 p.m.
- Volume, 4 a.m. to 4 p.m.
- 10.20 million
- Volume after hours, 4 p.m. to 8 p.m.
- 488,776
- Relative volume by 8 p.m.
- 29.6×
- Float
- 950,506 shares, from filings as of August 25, 2026
- Shares outstanding
- 963,224
- From news to the move: the first trade 20% above the previous close came 1 minute after the latest news item before it (PRNewsWire, 8:00 a.m.).
- Volume, from the one-minute bars: 8.31 million shares before the 9:30 a.m. open (78%), 735,113 in the first 30 minutes (7%), and 1.64 million in the rest of the day to 8 p.m. (15%).
- Float rotation, the volume since 4 a.m. against the float of 950,506 shares: past it once at 8:03 a.m., twice at 8:06 a.m., three times at 8:08 a.m.
- Other days RCON met the small-cap rule in our recaps: 2, the latest on August 19, 2026.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for RCON that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay RCON on August 25, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.